Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1887-06-25

All business should he conducted on buS-
ness principles and w business methods
This should he accepted As a commercial
axiom. The primary and right object of
organizing and conducting business enter
prises is 10 make money, and those enter
prises which are so managed as not ~ make
money are hurtful TO the owners, as mat
ter of course. and also prciitless 10 the COM
munity. A business may be commenced
and properly conducted with an idea of
paying in reasonable time: this Is a sound
proposition; but the organization of a busi-
ness in speculative way, as the result of
the design of its orignat"rs 10 sponge their
way out of community-to levy on Contid-
ing people 10 sustain" them and reinforce
their treasury. and the reckless branching
on credit, As a;l experiment which may pos
siby succeed. are both illustrative of false
business methods. ami they are in the di
rect road To disaster 10 the originator- and
10 the town in which they are located
Especially is this all true as to manufac-
turing enterprises. Va town in America
has had wiser or shrewder and more prac-
ticsl manufacturers than Springfield. These
men laid the foundations OF prosperity
when they commenced business. They
proposed TO make articles which the world
needed: they proposed To make them by
tho best methods: they proposed TO put
,h. ri thaN- nrnnnsa;
TO provide for ultimate and liberal profits
They builded for the future and they build
ed solidly.
There is another class of manufac-
turers whose primary idea is 10
angle for suckers. They are looking out
for free sites and valuable free franchises;
for assistance" from capitalists. and their
schemes are all in the way of getting some
thing valuable ont Of other people. Their
proposed products are at best but expert
ments. Their machines or devices may
look well and promise well. but they must
be tested. and there must be ability in the
improving standard of excellence. II there
is not this capacity. all money invested
will be thrown away. This is true, also,
If the business management is not capable
and efficient
Nearly all manufacturing concerns that
are profitable have come from small begin
nngS and have worked their way up and
earned success. Usually those concerns
which commence with large capital and
fine buildings. the development of new en-
terprises, absorb large sums of additional
money and seldom if ever pay dividends.
There are new enterprises which. in the
eyes Of experts and of shrewd practical OBJ
servers, have the elements Of success
namely, they are likely 10 meet an actual
need and they are in the hands of compe-
tent meH. To certain extent. they must
be experimental but with energy and pru-
ience exercised in their behalf they may be
expected 10 win. and therefore they should
command the amount of capital desired.
from those who have il and are willing to
Use il ia aid OF worthy industrial enter
pri-es.
There is an unintelligent idea which pre-
walls in many towns-to the effect that
enterprises are great thing
for town. Whether they are depends Oh
what they are and how they are managed
We have known many towns 10 be nearly
ruined and quite Impoverished by manu-
featuring enterpriseS-of the sort We have
ieScrihed Dne Town we have in mind gave
A site 10 watch factory and put good
deal of money in the concern. and then,
when It got fairly To going. because the peO-
pie would not put in more money and an
other town offered big bonss, il evacuated
the village. which had been faithful and
, ,lerishing mother TO it, and went off to feed
and sponge its way in new pastures.
The manufacturing concerns which are
IF beneti, to localities are those which are .
organized on business principles and which .
nave in themselves the elements Of success
md prosperity. This kind of concerns are
helpful to any aud all towns. They will.
ooner or later. make money for themselves
md increase the populations and prosperity
# the towns in which they are located.
We do well to organize for the increase OF
concerns of this sort-we do well also to
PRESENT an ice-coid shoulder 10 all concerns
# the other sort.